Target Co. (NYSE:TGT) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its holdings in shares of Target Co. (NYSE:TGT) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,562 shares of the retailer’s stock after purchasing an additional 368 shares during the period. Jacobi Capital Management LLC’s holdings in Target were worth $3,861,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Metis Global Partners LLC increased its holdings in shares of Target by 1.4% during the fourth quarter. Metis Global Partners LLC now owns 19,783 shares of the retailer’s stock valued at $2,674,000 after purchasing an additional 268 shares during the period. Fisher Asset Management LLC grew its holdings in Target by 33.2% during the fourth quarter. Fisher Asset Management LLC now owns 6,268 shares of the retailer’s stock worth $847,000 after acquiring an additional 1,561 shares during the period. SVB Wealth LLC acquired a new position in Target during the fourth quarter worth about $1,118,000. Tower Bridge Advisors grew its holdings in Target by 10.4% during the fourth quarter. Tower Bridge Advisors now owns 6,322 shares of the retailer’s stock worth $855,000 after acquiring an additional 598 shares during the period. Finally, Tufton Capital Management grew its holdings in Target by 0.8% during the fourth quarter. Tufton Capital Management now owns 74,155 shares of the retailer’s stock worth $10,024,000 after acquiring an additional 622 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $124.37 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $56.99 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. The company has a 50 day moving average price of $133.77 and a two-hundred day moving average price of $142.35. Target Co. has a 12-month low of $120.21 and a 12-month high of $181.86.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Wednesday, February 12th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Target’s dividend payout ratio (DPR) is presently 47.51%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Mkm lowered their target price on Target from $157.00 to $131.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. HSBC lowered Target from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Wednesday, November 20th. Gordon Haskett lowered Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Bank of America lowered their target price on Target from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Sanford C. Bernstein lifted their price target on Target from $139.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $157.93.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.